Bulgaria's ICT Sector Generates over 2.8 bln euro Annual Turnover in 2018

Bulgaria's ICT Sector Generates over 2.8 bln euro Annual Turnover in 2018

Bulgaria's information and communication technology (ICT) sector generated an annual turnover of over 5.5 billion levs ($3.2 billion/2.8 billion euro) in 2018, an annual survey by local publisher Computerworld Bulgaria showed. In 2018 the revenues generated by Bulgarian companies developing software and applications for foreign and local clients jumped by 64% to 716 million levs, the ICT TOP 100  survey published last week showed.Bulgaria's software sector exceeded 950 million levs in 2018, as revenues from IT services alone generated over 3 billion levs, up by 45% from 2017.

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